GyanDhan has partnered with several lenders in the market, including public sector banks, private banks, and private lenders. GyanDhan, at present, does not lend money. We can help you get the best education loan scheme after evaluating your profile. We do not charge anything for our services.
To give you an idea -
For a low rate of interest, public sector banks offer the best study abroad loan schemes. They offer secured education loans, that is, you will have to pledge collateral/security. PSUs give unsecured education loans only up to INR 7.5 lakhs. So, for an amount above this, you will have to pledge security. Collateral can be immovable property or liquid assets. You can also pledge third-party collateral, that is belonging to a relative or a friend if they are willing to do it on your behalf. The ROI for secured education loan starts at 7.6% for women and 8.1% for men.
If you are unable to arrange collateral or security to pledge, you can go for an unsecured education loan. There are private banks and private lenders such as Non-Banking Financial Companies (NBFCs) for the same. Keep NBFCs as last resort for the loan as they cost more in terms of processing fees and ROI. The ROI for unsecured education loan starts at 11.25%
I would advise you to check your loan eligibility on GyanDhan’s website. GyanDhan > Loans > Check loan eligibility. You will get an instant quote on checking your loan eligibility. Further, our executive will contact you to take the process forward. They will ask you some questions to understand your profile better. You can discuss various education loan schemes and they will be able to help you and give detailed information on the same.
I hope this helps you!
Do watch this video to know more about secured education loans and unsecured education loans -
All the best!